American Water Declares Quarterly Dividend

Rhea-AI Summary

American Water Works Company (NYSE: AWK) declared a quarterly cash dividend of $0.6550 per share, scheduled for March 1, 2023. Shareholders on record as of February 7, 2023 will receive this payment. This dividend represents a continuation of the annualized increase approved by the board in April 2022. The company also offers a dividend reinvestment plan that allows shareholders to reinvest dividends and purchase shares without brokerage fees.

Positive

• Quarterly cash dividend of $0.6550 per share promotes shareholder income.
• Continuation of annualized dividend increase reflects company confidence.

Negative

• None.

Cash dividend payable in the first quarter of 2023

CAMDEN, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: AWK) announced today that its board of directors declared a quarterly cash dividend payment of $0.6550 per share of common stock, payable on March 1, 2023, to all shareholders of record as of February 7, 2023.

This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced in April 2022.

American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct (the “Plan”), which enables shareholders to reinvest cash dividends and purchase additional shares of American Water common stock without any brokerage commissions or service charges. Shareholders and other persons may obtain a copy of the Plan prospectus and an enrollment form by contacting American Stock Transfer & Trust Company (“AST”) at 888-556-0423, visiting AST’s website at www.astfinancial.com, contacting American Water’s Investor Relations department at 856-566-4005 or by visiting the Investor Relations webpage located at ir.amwater.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.

About American Water

With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.

AWK-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005578/en/

Investor Contact:

Aaron Musgrave

Vice President, Investor Relations

(856) 955-4029

aaron.musgrave@amwater.com

Media Contact:

Maureen Duffy

Senior Vice President, Communications and External Affairs

(856) 955-4163

maureen.duffy@amwater.com

Source: American Water

FAQ

What is the dividend amount declared by American Water Works Company?

American Water Works Company declared a quarterly cash dividend of $0.6550 per share.

When is the dividend payment date for AWK?

The dividend payment date for AWK is March 1, 2023.

When is the record date for the dividend payment?

The record date for the dividend payment is February 7, 2023.

Does American Water Works offer a dividend reinvestment plan?

Yes, American Water Works offers a dividend reinvestment plan allowing shareholders to reinvest dividends without brokerage fees.

Has American Water Works increased its dividend recently?

Yes, the recent dividend is part of an annualized increase approved by the board in April 2022.